Fuel pump prices up again: Malawi should brace for tough times

Despite the fact that Covid-19 pandemic has affected people’s economic lives Malawi Energy Regulatory Authority (Mera) has announced it has raised the prices of paraffin, diesel and petrol.

Motorists will have to dig deeper for petroleum products

Mera public relations officer Fitina Khonje says petrol is now at K899 from K834 which is a 7.34 percent increase.

Diesel has gone up from K826 to K898, representing 8.66 percent hike, according to Mera.

Paraffin, used mostly by industry and the majority of poor households in the country, price per litter  is now k719 from K613.

Mera says the new prices are effective 12 midnight.

“The price of fuel has been rising at global level hence the decision,” said Khonje.

Mera also attributed the weakening of the local currency, Kwacha to have contributed to new price hikes.

Mera director of economic regulations Chimwemwe Dunkalo said there are several factors which drives fuel prices.

Last time the prices went up, there were violent protests by minibus operators who wanted to raise fares to catch up with the covid-19 strict measures on sitting plan in their buses.

The cost of fuel has a significant impact on the pricing of goods and services; hence, Malawians—already reeling from the pressure of reduced buying power and a depreciating kwacha—will likely be affected by the fuel prices hike, according to Chancellor College-based economist Ben Kaluwa.

He said Malawi depends 100 percent on petroleum products for production—for instance, in agriculture and manufacturing industries “and a hike on petroleum products will surely have an impact and a trickle-down effect on the economy.”

Economic observers said the price hike was an indicator of worst things to come.

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Chipateni Mwase
Chipateni Mwase
1 month ago

Fuel has gone up everywhere. Nothing political. So far Malawi is the most democratic african country.

Justice for all
Justice for all
1 month ago

Shame we are lost the way to Canaan really is what people was expected this is too it’s better that 6.2b ija akanapanga subsidy to this fuel thing than eat few people I said it running government is a serious business

Phiri la Dzunje
Phiri la Dzunje
1 month ago

Even in South Africa fuel has up twice a year nothing is strange here

Medsonchimudima3@gmail.com
1 month ago

Aha Tonse government woyeee waku Baghdad

braveheart
1 month ago

You did chaotic demonstrations crying for this government, why are you crying now?You got what u demonstrated for with flying colors!Enjoy ur trip to kanani? Canaan in this 21 st century? What a shame! Grind your teeth! Supporters of black chicken & zibagela/Osawopa!

Tizanka
Tizanka
1 month ago

Zonsezi mkatikati mwa ulendo opita ku Kenani

BornForTheSmoke
BornForTheSmoke
1 month ago

This proce rise has nothing to do with politics. Brent Crude Oil is up from $39 in October 2020 to $68 yesterday. Nothing to do with DPP, MCP, Malawi chani chani. Phuma a Malawi.

Koka
Koka
1 month ago

Do you think majority common Malawians know or understand this?

Malawians want improvement in their daily lives. What you are saying is of less importance to them.

Mapopa
Mapopa
1 month ago

Yayi Amwene, your Government is failing with flying colours

Patricia
Patricia
1 month ago

That’s true Petrol prices have increased all over the world and not just Malawi. The last time dpp decreased the price because petrol prices reduced throughout the world due to the Middle East and trump politics and deals. Nothing to do with Malawi government

Yekha
Yekha
1 month ago

Zinazi umangozindikila waziyamba

Jah
Jah
1 month ago

Because of matama you are even firing technocrats omwe sanalakwe

Precious Atiele
Precious Atiele
1 month ago

These are tough times!!

Shua
Shua
1 month ago

I love mcp and I was very happy that they are in government and still love tose,but I think there were good on oppossion not to governor a dpp atitseka tinakuuzani ife,inu zoona mpakana tiyambe kukumbuka Pitala? MR Chilima what are you doing where are all those good things u promised us thick about anthu osagwira tchito where they gonna get money to buy there dairy needs

Kanyimbi
Kanyimbi
1 month ago
Reply to  Shua

Chonde a MCP, muthandizeni munthuyu. wasoweratu chochita mpaka kulemba chizungu chothyokathyoka. Shaaa!

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